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, you have government contributions and you have investment returns, which the governor himself puts at about 75% of the total fund. >> in the past decade, the returns have been pretty poor. >> reporter: mike is director of research for california common sense. it's a nonprofit group devoted to transparency in government. he explains that the state's two largest pensions have enjoyed relative success in the long run hitting their investment marks over 20 years but not recently. >> it's a matter of perspective. they would argue that historically their assumptions are well grounded. the question is, of course, going forward can we rely on history to predict the future. >> recent history has been staggered at best. here's a look at calpers performance, down 27. in 2008. up 12.1% in 2009. up 12.6% in 2010. then up 1.1% in 2011. here's where the math part of this comes in handy. trust me. i'm no mathematician. if your rate of return goes down, unfunded liability gets larger. for example, if you have the rate of return on these pension funds at 7.5% right now it's estimated unfunded liabil
on multiple volunteer boards but how taxpayers are paying for it. >> the reaction to the govern governor's signing of a controversial bill. >>> and welcome news for caltrain riders. stay with us. [ woman ] dear chex cereal, i've never written a fan letter before, but you've done what i thought was impossible: you made good-for-you, gluten-free cereals in a whole bunch of yummy flavors. cinnamon chex and honey nut chex are two of our favorites. when my husband rob found the chocolate one, we were in cereal heaven. the only problem is, with so many great flavors you're making it very hard to choose. so thanks. from your fans, the mcgregor family. 'cause we love chex. [ male announcer ] love chex? connect with us on facebook. >>> opening statements in the trial of a woman accused of killing 26-year-old nursing student michelle lei. prosecutors began by showing a photograph of her smiling and then later a surveillance photo of her heading into the parking lot where she was last seen in may of last year. lei's body was found four months later between sunol and pleasanton. prosecutors say that
dismissed after less than four weeks on the job. national congress will try to in form government to yuunit the country's factions. >>> joran joor nxn van dersloot sentence. 25-year-old dutchman is suspected of killing natalie holloway but was never charged with the crime. woman is not pregnant. we'll have to see what happens. >> still ahead at 6:00. investigative unit digs into what is happening underground. why coins wouldn't be the only thing you count. not much different tomorrow. what is happening on the radar will be closer to our neighborhood this time tomorrow. we'll talk about changes when we come right back. >>> tonight, a troubling trend among children with autism. 49% of families said their children tried to wander away from home or a family member. >>> soda companies will most calorie information on the button you press to make your selection. machines will go nationwide next year. >> i prefer the coke 0 but that is just me. the number is already there. >> we got to the weekend and no showers. >> right now we have fog pouring into san francisco. we'll talk about changes in the
loves teachers. >> and trickle-down government that the president proposes is one where he will raise taxes on small business, which will kill jobs. i instead want to keep taxes down on small business so we can create jobs. >> gop rival romney said his campaign has been rejuvenated following his strong performance last night. >> we're not even 24 hours removed from the debate, and the country's still buzzing about some of the things that happened in the debate. >> the first chance to see the candidates square off drew nearly 70 million viewers. many of whom might be asking themselves how much of what i heard last night is actually true. here to break it down for us is sam brock in tenant'sonight's " check." >> reporter: the debate had facts and some were misleading or blatantly false. all eyes on denver, colorado, as governor and president obama faced off in their first presidential debate. our partners at fact check say there were many repeated claims which stretched the truth. let's start with president obama's take on romney's tax plan. >> this is where there's a difference because
Search Results 0 to 3 of about 4